Infograph: Int’l financial institutions forecast Egypt’s GDP growth for current, upcoming FYs
International financial institutions (IFIs), including the World Bank, International Monetary Fund (IMF), and European Bank for Reconstruction and Development (EBRD), have released their GDP projections for Egypt for FY2024/2025 and FY2025/2026.
File Photo: Two Egyptian women shopping in a supermarket in Cairo, Egypt. Reuters
The World Bank's latest report, "Growth in the Middle East and North Africa," published in October, expects Egypt's real GDP growth to reach 2.5 percent in FY2024/2025 and 3.5 percent in FY2025/2026.
This reflects a downward revision from earlier projections made in June, which anticipated growth rates of 2.8 percent for FY2024/2025 and 4.2 percent for FY2025/2026.
In its October World Economic Outlook, the IMF projected Egypt’s GDP growth at 2.7 percent for FY2024/2025 and 4.1 percent for FY2025/2026, indicating a decline from the IMF’s July forecast of 4.1 percent for FY2024/2025.
The EBRD's Regional Economic Prospects, released in September, forecast Egypt’s GDP growth at 2.7 percent for FY2024/2025 and four percent for FY2025/2026. This represents a 0.3 percent decrease for FY2024/2025 compared to its previous forecast in May, while the FY2025/2026 projection remains unchanged.
Short link: